This monthly gap up here is a magnet. Price will tap it shortly but there is too much confluence of bearish factors.
1 - Back test (pullback) to 6 year broken support
2 - Resistance trendline
3 - FVG gap
This is just on the monthly.
I might be wrong but hedging with shorts in that area is wise.
1 - Back test (pullback) to 6 year broken support
2 - Resistance trendline
3 - FVG gap
This is just on the monthly.
I might be wrong but hedging with shorts in that area is wise.